Car Wash
Mister Car Wash - 15 Yr Abs-Net with 1.5% Annual Increases
1377 W 7800 S, West Jordan, UT 84088
Listing Price: $2,995,000
Cap Rate
7.01%
Tenant Name
Mister Car Wash
Years Remaining On Lease
15.1
Gross SF
4,390
Guarantor
Corporate Guarantee
Rentable SF
4,390
Price/Gross SF
$682.23
Lease Type
Absolute Net
Rent Per Square Feet
$47.85
Investment Overview
1377 W 7800 S, West Jordan, UT
Mister Car Wash - 15 Yr Abs-Net with 1.5% Annual Increases
Investment Highlights
- 15-YEAR ABSOLUTE-NET LEASE | ZERO LANDLORD RESPONSIBILITIES: 15-Year Lease (Commenced September 2020) Is Structured On An Absolute-NNN Basis; The Tenant—Car Wash Partners, Inc.—Covers All Expenses.
- 1.5% CONTRACTUAL ANNUAL RENT INCREASES: Inflation-Hedged Income Stream Lifts NOI By ±23% Over The Remaining Primary Term & Continues Through Four 5-Year Renewal Options Set At The Same 1.5% Escalator.
- PUBLICLY TRADED CATEGORY LEADER | 518-UNIT FOOTPRINT: Mister Car Wash (NYSE: MCW) Reported Record 2024 Revenue Of $994.7M And Operated 518 Locations In 21 States As Of March 31, 2025.
- PROVEN EXPRESS-TUNNEL PROTOTYPE | 4,390 SF ON 0.93 ACRES: 2008 Construction, Renovated 2014, Features Dual-Lane Stacking And Free Vacuums That Support The Brand's High-Margin Unlimited Wash Club® Subscription Model.
- 36K VPD ON W 7800 SOUTH | ONE BLOCK OFF REDWOOD RD (˜40K VPD): Signalized Hard-Corner Frontage On West 7800 South (36,000 Vehicles/Day) Just West Of SR-68/Redwood Road (˜40,000 VPD). Nearby National Cotenants Include Walmart, WinCo Foods, Advance Auto Parts, Maverik And Popeyes.
- DENSE, AFFLUENT TRADE AREA: 2024 Population Exceeds 129K Within Three Miles With An Average Household Income Of $96K, 35% Above The U.S. Average (Broker Demographics).
- SALT LAKE CITY MSA — #3 BEST-PERFORMING LARGE CITY (2025 MILKEN): Metro GDP Reached $147.5B In 2023 And The 1.3M-Person Region Ranks Top-3 Nationally For Job And Wage Growth.
- $1.4B STATE INFRASTRUCTURE PIPELINE FUELS ACCESS & GROWTH: Utah Approved Nearly $1.4B In 2024 UDOT Projects, Including Redwood Road And Mountain View Corridor Upgrades That Enhance Regional Mobility.
Broker of Record
Car Wash
Mister Car Wash - 15 Yr Abs-Net with 1.5% Annual Increases
Listing Price: $2,995,000
Cap Rate
7.01%
Tenant Name
Mister Car Wash
Years Remaining On Lease
15.1
Gross SF
4,390
Guarantor
Corporate Guarantee
Rentable SF
4,390
Price/Gross SF
$682.23
Lease Type
Absolute Net
Rent Per Square Feet
$47.85
Investment Highlights
- 15-YEAR ABSOLUTE-NET LEASE | ZERO LANDLORD RESPONSIBILITIES: 15-Year Lease (Commenced September 2020) Is Structured On An Absolute-NNN Basis; The Tenant—Car Wash Partners, Inc.—Covers All Expenses.
- 1.5% CONTRACTUAL ANNUAL RENT INCREASES: Inflation-Hedged Income Stream Lifts NOI By ±23% Over The Remaining Primary Term & Continues Through Four 5-Year Renewal Options Set At The Same 1.5% Escalator.
- PUBLICLY TRADED CATEGORY LEADER | 518-UNIT FOOTPRINT: Mister Car Wash (NYSE: MCW) Reported Record 2024 Revenue Of $994.7M And Operated 518 Locations In 21 States As Of March 31, 2025.
- PROVEN EXPRESS-TUNNEL PROTOTYPE | 4,390 SF ON 0.93 ACRES: 2008 Construction, Renovated 2014, Features Dual-Lane Stacking And Free Vacuums That Support The Brand's High-Margin Unlimited Wash Club® Subscription Model.
- 36K VPD ON W 7800 SOUTH | ONE BLOCK OFF REDWOOD RD (˜40K VPD): Signalized Hard-Corner Frontage On West 7800 South (36,000 Vehicles/Day) Just West Of SR-68/Redwood Road (˜40,000 VPD). Nearby National Cotenants Include Walmart, WinCo Foods, Advance Auto Parts, Maverik And Popeyes.
- DENSE, AFFLUENT TRADE AREA: 2024 Population Exceeds 129K Within Three Miles With An Average Household Income Of $96K, 35% Above The U.S. Average (Broker Demographics).
- SALT LAKE CITY MSA — #3 BEST-PERFORMING LARGE CITY (2025 MILKEN): Metro GDP Reached $147.5B In 2023 And The 1.3M-Person Region Ranks Top-3 Nationally For Job And Wage Growth.
- $1.4B STATE INFRASTRUCTURE PIPELINE FUELS ACCESS & GROWTH: Utah Approved Nearly $1.4B In 2024 UDOT Projects, Including Redwood Road And Mountain View Corridor Upgrades That Enhance Regional Mobility.
Investment Overview
1377 W 7800 S, West Jordan, UT
Broker of Record
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